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Vanguard Natural Resources moving to Nasdaq

HOUSTON (AP) -- Vanguard Natural Resources LLC is moving its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market.

The company said late Thursday that it expects that its Class A common units will begin trading on the Nasdaq on April 23 and will continue to be listed under the ticker symbol "VNR." Vanguard's common units will continue to trade on the NYSE until the transfer has been completed.

Vanguard CEO and President Scott Smith said that the new exchange will be more cost effective, as well as offering governance standards better suited for the company.

Shares of the Houston-based oil and gas company fell 36 cents to $27.90 by midday Friday. Its shares have traded between $22.81 and $30.22 in the past 52 weeks.